Antwerp Court Orders Mehul Choksi Extradition
Analysis based on 6 articles · First reported Oct 17, 2025 · Last updated Oct 17, 2025
The extradition order for Mehul Choksi is a positive development for India's efforts to combat financial fraud, potentially boosting investor confidence in the country's legal system. However, Mehul Choksi's right to appeal means the immediate market impact on related entities might be limited until a final decision.
An PSA Antwerp court has approved the extradition of fugitive diamantaire Mehul Choksi to India, ruling his arrest by Belgian authorities as valid. This decision marks a significant step for India in its pursuit of Mehul Choksi, who is wanted in connection with bank frauds exceeding $950 million. Mehul Choksi was arrested on April 11 based on an extradition request from the United States — Federal Bureau of Investigation and has been held in prison in Belgium. He has repeatedly attempted to secure bail without success. India sought his extradition under various provisions of the Indian Penal Code and the Prevention of Corruption Act, which are also recognized under Belgian law. The Indian government has assured Belgium that if extradited, Mehul Choksi would be held in Barrack No. 12 at Arthur Road Jail in Mumbai, which meets European CPT standards, and would be provided with adequate facilities and medical care. Mehul Choksi disputes his Indian citizenship, claiming to have acquired citizenship of Antigua and Barbuda, a claim contested by Indian investigators.
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